Mastek Reports 12.5% Y-o-Y Revenue Growth in Q1FY26

21 Jul 2025 CW Team

The company’s performance was driven by strong growth in the UK and Europe, particularly across healthcare and secured government services. While the US business experienced some challenges in select accounts, Mastek noted that the pipeline and order backlog remain robust.

Operating EBITDA stood at 15.0 per cent, with a marginal decline of 31 basis points sequentially, attributed to continued investments in talent and capability development. On a Y-o-Y basis, Operating EBITDA grew 10.8 per cent. Profit After Tax (PAT) rose to Rs 920.1 million, marking a sequential growth of 13.5 per cent and an increase of 28.7 per cent Y-o-Y.

The company’s 12-month order backlog stood at Rs 19.35 billion, reflecting an 8.3 per cent Y-o-Y growth, supported by strong demand across Digital Engineering, Data, Automation, and AI. Oracle-led engagements in the healthcare and commercial sectors also continued to scale during the quarter.

Mastek also reported strong traction in its AI business, securing over 10 new deals across generative and agentic AI solutions that are delivering measurable productivity gains for clients. In addition, the company signed a strategic partnership with Open Ana to further strengthen its AI capabilities.

Umang Nahata, Chief Executive Officer, Mastek, said, “We are pleased to report another steady quarter, with revenue growth of 12.5 per cent Y-o-Y in rupee terms. Growth was led by strong performance in the UK and Europe, driven by momentum in healthcare and secured government services. The US business witnessed headwinds in some accounts, however pipeline and order backlog remain strong. While the external environment remains dynamic, our execution focus, combined with deep client relationships, positions us well to deliver sustainable and profitable growth in the coming quarters.”

Mastek, a trusted provider of AI-first digital engineering and cloud transformation services, reported consolidated revenue of Rs 9.14 billion for the first quarter of FY26, registering a year-on-year (Y-o-Y) growth of 12.5 per cent in rupee terms for the period ended 30 June 2025.The company’s performance was driven by strong growth in the UK and Europe, particularly across healthcare and secured government services. While the US business experienced some challenges in select accounts, Mastek noted that the pipeline and order backlog remain robust.Operating EBITDA stood at 15.0 per cent, with a marginal decline of 31 basis points sequentially, attributed to continued investments in talent and capability development. On a Y-o-Y basis, Operating EBITDA grew 10.8 per cent. Profit After Tax (PAT) rose to Rs 920.1 million, marking a sequential growth of 13.5 per cent and an increase of 28.7 per cent Y-o-Y.The company’s 12-month order backlog stood at Rs 19.35 billion, reflecting an 8.3 per cent Y-o-Y growth, supported by strong demand across Digital Engineering, Data, Automation, and AI. Oracle-led engagements in the healthcare and commercial sectors also continued to scale during the quarter.Mastek also reported strong traction in its AI business, securing over 10 new deals across generative and agentic AI solutions that are delivering measurable productivity gains for clients. In addition, the company signed a strategic partnership with Open Ana to further strengthen its AI capabilities.Umang Nahata, Chief Executive Officer, Mastek, said, “We are pleased to report another steady quarter, with revenue growth of 12.5 per cent Y-o-Y in rupee terms. Growth was led by strong performance in the UK and Europe, driven by momentum in healthcare and secured government services. The US business witnessed headwinds in some accounts, however pipeline and order backlog remain strong. While the external environment remains dynamic, our execution focus, combined with deep client relationships, positions us well to deliver sustainable and profitable growth in the coming quarters.”

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